Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Investor Presentation (November 2014)
38 slides from Fti Consulting's investor presentation, Nov 12, 2014
Slide 1: FTI Consulting, Inc.
Exhibit 99.1 FTI Consulting, Exhibit 99.1 Inc.
Slide 2: Cautionary Statement About Forward-Looking Statements
Cautionary This involve targets “anticipates,” statements. various management’s has declines or ability most 2Reportable so.intentions other experienced presentation recent to or assumptions. uncertainties market inrealize other demand Segments” All Note Form relating “aspirational,” expectations, f
Slide 3: FTI Consulting at a glance
FTIglobe FCN NYSE 400+ Senior the 10/10 Advisor top companies 3(1)Total 10 Consulting: $1.7 81 95/100 bank Managing listed shares to 16 specialties BLN the firms 2holding Market 55/100 Nobel world’s outstanding 1982 ADirectors Leader world’s capitalization(1) 4300+ Advisor Among times Offices topto1
Slide 4: FTI Consulting Overview
FTI Consulting Overview corporations New months Shifting Committed growth Willingness conditions 4Established management of from 2014 to medium-term to and abuilding invest capital is –law focused ateam leading firms EBITDA driven a(CEO, profitable financial on come professional analysis, toin CFO,
Slide 5: Balanced and diversified portfolio of services
Balanced Bankruptcy Interim Investment Litigation Office Compliance, Construction Dispute Forensic Economic Antitrust Business Intellectual International Computer Technology E-discovery Strategic 22% Corporate Creative Crisis Restructuring Employee Strategy Communications 5Financial Communications o
Slide 6: Corporate Finance/Restructuring Segment
Corporate Bankruptcy Services Interim Investment Litigation Office Performance Private Restructuring/Turnaround 2010 Adjusted Segment (in 6Seethousands, accompanying 2011 of Equity Management Revenue Gross SG&A Billable Segment the Support Finance/Restructuring 2012 Banking Support CFO Improvement e
Slide 7: Corporate Finance/Restructuring Segment (continued)
Corporate Segment companies, Medium–Term Reinforce Drive Focus Q3 Revenues global Gross quarter The for 7Adjusted non-distressed 2014 Corporate increase decrease organic overseas profit on bankruptcy ended Form Offering Segment profitability increased core Finance/Restructuring boards, decreased in
Slide 8: Forensic and Litigation Consulting Segment
Business Services Compliance, Construction Dispute Financial Forensic Global Health 2010 Adjusted Segment (in 8Seethousands, accompanying 2011 Solutions Risk Advisory Accounting and Revenue Gross SG&A Billable Insurance Segment Enterprise Services 2012 &Monitoring Litigation &except Investigations P
Slide 9: Forensic and Litigation Consulting Segment (continued)
Forensic aSegment dispute and combine qualifications arbitration Medium–Term scrutiny. Reinvest Grow construction Invest insurance, Q3 Revenues $3.3 investigations Gross to The global 9Adjusted complete 35.0% 2014 forensic Forensic decrease million key profit behind disputes, advisory, end-to-end an
Slide 10: Economic Consulting Segment
Economic Antitrust Services Business Center Intellectual International Labor Public 2010 Adjusted Segment (in See 10 thousands, accompanying 2011 &Policy forEmployment Revenue Gross SG&A Billable Valuation & Segment Consulting Healthcare 2012 Property Competition Arbitration except Profit 2013 $37,8
Slide 11: Economic Consulting Segment (continued)
Economic Segment complex regulatory strategic U.S. transactions, disputes, and economic issues, particular business Medium–Term Expand Healthcare Continue Q3 Revenues Gross for The bill Adjusted 11 M&A the 2014 rates adecrease Economic and wide profit three such international decision as economic th
Slide 12: Technology Segment
Software Technology Computer Discovery E-discovery 2010 Adjusted Segment (in See 12 thousands, accompanying 2011Billable Revenue Gross SG&A & Segment Forensics Consulting 2012 Services Software except Profit 2013 $Headcount 59,721 $176,607 EBITDA financial & Clients percentages Margin & Q1 Governmen
Slide 13: Technology Segment (continued)
Technology Segment software, information regulatory assessment, competition notification management, information. software produce e-mail, financial Ringtail® used and Medium–Term Increased Ongoing geographic most Q3 Revenue Gross revenue The Adjusted 13 2014 secure Technology increase gross for com
Slide 14: Strategic Communications Segment
Strategic Corporate Services Creative Crisis Employee Financial Litigation M&A Public Restructuring 2010 Adjusted Segment (in See 14 thousands, accompanying 2011 Communications Affairs Engagement Revenue Gross SG&A Billable Communications Segment Communications Communications Engagement 2012 & Board
Slide 15: Strategic Communications Segment (continued)
Strategic Segment corporate reputation public and Medium–Term Reinforce Continued Focus Q3 Revenues increase Gross three The Adjusted During 15 2014 consulting marketing. Strategic increase gross months profit on affairs, the was Form Offering Communications Segment EBIT communications increased pro
Slide 16: Financial Overview
im F...00...0° CONSULTING Financial Overview
Slide 17: Historical Revenues and Adjusted Earnings Per Share
Historical $2,000 $1,800 $1,567 $1,600 Millions) $1,200 ($$1,400 $0 $200 $400 $3.00 $2.50 $2.63 $2.13 2009 $0.00 $0.50 $1.00 $1.50 $2.00 See were 17 600 $800 accompanying no 2010 Adjusted $2.37 $2.17 Revenues $1,652 $1,577 $1,400 adjustments $1,000 Revenues 2011 $2.50+ $2.09 $1,401 Earnings 2012 $1,
Slide 18: Financial Profile
Financial All Q3 Cash Accounts Days Net Purchases Payments Purchase received Total (1) in See 18 excess DSO 2014 numbers cash accompanying and debt sales is provided Q2 and of cash Profile receivable, for of $outstanding aservices 711,000 2014 in performance property retirement acquisition equivalen
Slide 19: Appendix
im F...00...0° CONSULTING Appendix
Slide 20: 2014 Accolades
2014 Most named International Commercial five Global Review’s of 2012 E-discovery Winner Association Consulting Operational Spotlight 20 the consecutive Awards and professionals Year in Competition ofAward Global 2011 list Economist the in Firms Performance of Software” Arbitration” Who’s of & 2014,
Slide 21: FTI Consulting Executive Team
FTI Consulting Eric Steven President Executive Paul Chief Transformation Jeffrey Officer Catherine Senior Controller President, Accounting 21 Marketing B. Linton Risk Strategy Vice H. S. Miller & Amling Freeman Gunby Officer &Officer Officer Director, Holly Chief Chief &Corporate Resources Chief Dav
Slide 22: FTI Consulting Segment Leadership Team
FTI Consulting Robert Neal Finance/ Litigation Ken Restructuring Leader, Solutions Carlyn Global Leader 22 Barker Hochberg Taylor Duffy Segment Practice Industries Chairman Corporate Health Leader, Technology Consulting Seth Frank Leader, John Business Global Rierson Forensic Latin Chariman Global H
Slide 23: Financial Tables
im F...00...0° CONSULTING Financial Tables
Slide 24: Condensed Consolidated Results, Nine Months Ended September 30
YTD (in Nine 2014 Revenues Direct Selling, Special Acquisition-related Amortization Goodwill 1,205,534 Operating Interest (34,732)(36,898) Income Net Earnings Weighted Other Foreign Total Comprehensive 24 thousands, income Months (unaudited) other 2014 income Comprehensive cost charges income expens
Slide 25: Segment Results, Nine Months Ended September 30
YTD (in Nine Margin Corporate Forensic Economic Technology Strategic Total Unallocated Adjusted (1) (2) are 25 thousands, The See not Months $1,331,054 $1,236,434 2014 meaningful accompanying Rate majority and Communications EBITDA Finance/Restructuring Consulting Results: (2) Corporate(57,103) Corp
Slide 26: Reconciliation of Net Income to Adjusted EPS, Nine Months
YTD (in Nine 2014 Net Earnings Add Special Goodwill Remeasurement Interim Less: Impact Adjusted Weighted (1) charges nine earnings share. (2) (3) remeasurement acquisition-related months September was (4) average shares herein impact (5) 26 thousands, The For See income not months back: Months 2013
Slide 27: Reconciliation to Adjusted EBITDA, Nine Months 2014
YTD (in Corporate Nine Restructuring Net Interest Income Operating Depreciation Amortization Special Goodwill Remeasurement contingent Adjusted (1) 27 thousands) See income Months 2014: End Charges charges income Income expense tax EBITDA —Forensic income consideration(662)(934)(787) consideration(6
Slide 28: Reconciliation to Adjusted EBITDA, Q1 2014
Q1 thousands, Corporate Three Restructuring Net Interest Income Operating Depreciation Remeasurement assets contingent Adjusted (in (1) 28 See 2014: income Months End income expense tax EBITDA1 Reconciliation Forensic income1 consideration provision $18,117 Notes and Consulting except Ended and of $
Slide 29: Reconciliation to Adjusted EBITDA, Q2 2014
Q2 thousands, Corporate Three Restructuring Net Interest Income Operating Depreciation intangible Special Remeasurement contingent Adjusted (in (1) 29 See 2014: Income Months End charges income expense tax EBITDA1 Reconciliation Forensic income1 assets consideration provision $17,247 Notes and Consu
Slide 30: Reconciliation to Adjusted EBITDA, Q3 2014
Q3 thousands, Corporate Three Restructuring Net Interest Income Operating Depreciation Special assets Adjusted (in (1) 30 See 2014: income Months End charges income expense tax EBITDA1 Reconciliation Forensic income1 provision $22,522 Notes and Consulting except Ended and $84 $12,634 amortization fo
Slide 31: 2010 – 2013 Reconciliation of Net Income to Adjusted EPS and Adjusted EBITDA
2010 – 2013 Reconciliation of Net Income to Adjusted EPS and Adjusted EBITDA
Slide 32: Reconciliation of Net Income to Adjusted EPS, 2010–2013
2010 2013 Net Earnings Add Special Goodwill Loss Remeasurement Impact Adjusted Weighted (in (1) 32 thousands, See income back: on – 2013 2012 of End charges, early (loss) EPS: Net earnings impairment average denominator 2011 (loss)($10,594)($36,986) Notes Reconciliation Income1 extinguishment except
Slide 33: Reconciliation to Adjusted EBITDA, Year Ended December 31, 2013
Reconciliation Corporate Year Restructuring Net Interest Income Operating Depreciation Special assets Goodwill Remeasurement contingent Adjusted (in (1) 33 thousands, loss($10,594) Ended charges income expense tax See EBITDA1 impairment Forensic income consideration provision December End and Consul
Slide 34: Reconciliation to Adjusted EBITDA, Year Ended December 31, 2012
Reconciliation Corporate Year Restructuring Net Interest Income Loss Operating Depreciation intangible Special Goodwill Remeasurement contingent Adjusted (in (1) 34 thousands, See loss($36,986) Ended onEnd charges income expense tax early EBITDA1 impairment Forensic income assets consideration provi
Slide 35: Reconciliation to Adjusted EBITDA, Year Ended December 31, 2011
Reconciliation Forensic Corporate Year Restructuring Net Consulting Interest Income Operating Depreciation Special assets Remeasurement contingent Adjusted (in (1) 35 thousands, See income Ended End charges income expense tax and EBITDA1 Finance/ income consideration provision $103,903 December Note
Slide 36: Reconciliation to Adjusted EBITDA, Year Ended December 31, 2010
Reconciliation Corporate Year Restructuring Net Interest Income Loss Operating Depreciation intangible Special Adjusted (in (1) 36 thousands, See income Ended onEnd charges income expense tax early EBITDA1 Forensic income assets provision $65,984 December Notes and extinguishment Consulting except o
Slide 37: Notes: Non-GAAP definitions
Endearly Beginning value presentation. impact use basis. understanding consideration, Segment calculating depreciation, on intangible EBITDA evaluate provides management acquisition-related performance companies with We Non-GAAP Comprehensive 37 Adjusted define Notes: additional of We ofextinguishme
Slide 38: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™
FTI Consulting — Investor Presentation (November 2014) on 6ix